Elucidating spin correlations in the parent compounds of high-temperature superconductors is crucial for understanding superconductivity. We used neutron scattering to study spin correlations in Li1−xFexODFeSe, an insulating material with reduced electron carriers compared to its superconducting counterpart (Tc=41 K), serving as the undoped parent compound. Our findings show a reduced total fluctuating moment in this insulator relative to FeSe and 122 iron pnictides, likely due to increased interlayer distances from intercalation, which enhance fluctuations and reduce the intensity of spin excitations. Moreover, we observed a V-shaped spin wavelike excitation dispersion, contrasting with the twisted hourglass pattern in the superconducting counterpart. Electron doping shifts spin excitation from (π,0) point to an incommensurate position towards (π,π) direction below 65 meV. This transition from V-shaped to hourglasslike dispersion, akin to behaviors in hole-doped cuprates, suggests a potential shared mechanism in magnetism and superconductivity across these diverse systems. locked icon locked icon locked icon locked icon locked icon locked icon locked icon locked icon Physics Subject Headings (PhySH)Electronic structureSpin fluctuationsSuperconductivityStrongly correlated systemsInelastic neutron scattering